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ToolsMorgan, Eleanor J. and McGuire, Steven (2004) Transatlantic divergence:GE-Honeywell and the EU's merger policy. Journal of European Public Policy, 11 (1). pp. 39-56. ISSN 1350-1763
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This paper analyses the reasons for the severe EU-US disagreement over the proposed merger of two US firms, General Electric and Honeywell, which would have been the largest industrial merger in history. The case, one of the relatively rare instances where the European Commission prohibited a merger, is interesting because the EU and US authorities took opposing decisions even though the merger affected world markets. The paper argues that the Commission's investigation of this complex case was undermined by its relative autonomy, combined with procedures, processes and a lack of resources that left it vulnerable to inadequate analysis. The deal broke down not because of failures in communication between US and EU officials, but rather because of the limited and flawed assessment by Brussels which the EU system allowed.
| Item Type: | Article |
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| Uncontrolled Keywords: | competition policy,eu-us relations,general electric,honeywell,merger control regulation,mergers,sociology and political science,public administration,political science and international relations ,/dk/atira/pure/subjectarea/asjc/3300/3312 |
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| Depositing User: | LivePure Connector |
| Date Deposited: | 31 Jul 2024 18:29 |
| Last Modified: | 25 Sep 2024 17:58 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/96071 |
| DOI: | 10.1080/1350176042000164299 |
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